FY2024 EPS Estimates for Lundin Mining Raised by Analyst

Lundin Mining Co. (TSE:LUN) – Analysts at National Bank Financial increased their FY2024 earnings estimates for shares of Lundin Mining in a research report issued to clients and investors on Tuesday, February 4th. National Bank Financial analyst S. Nagle now anticipates that the mining company will earn $0.77 per share for the year, up from their previous forecast of $0.48. National Bank Financial also issued estimates for Lundin Mining’s Q4 2024 earnings at $0.32 EPS and FY2025 earnings at $1.13 EPS.

Lundin Mining (TSE:LUN) last issued its quarterly earnings data on Wednesday, November 6th. The mining company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.24 by C($0.12). The business had revenue of C$1.46 billion during the quarter, compared to analyst estimates of C$1.49 billion. Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%.

A number of other research firms have also recently commented on LUN. UBS Group cut their target price on shares of Lundin Mining from C$17.00 to C$15.50 in a research note on Tuesday, January 7th. Stifel Nicolaus cut their price objective on Lundin Mining from C$17.50 to C$16.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Ventum Financial raised their target price on Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. Raymond James lowered their price target on Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating on the stock in a research note on Thursday, January 16th. Finally, Scotiabank downgraded Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lundin Mining has an average rating of “Moderate Buy” and an average target price of C$17.19.

Lundin Mining Trading Up 1.4 %

Shares of LUN stock opened at C$11.98 on Friday. Lundin Mining has a 1-year low of C$10.56 and a 1-year high of C$17.97. The company has a market cap of C$9.31 billion, a price-to-earnings ratio of 42.79, a PEG ratio of -0.26 and a beta of 1.66. The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90. The stock has a 50 day simple moving average of C$12.57 and a 200-day simple moving average of C$13.25.

About Lundin Mining

Lundin Mining Corp is a diversified Canadian base metals mining company with operations in Brazil Chile Portugal Sweden and the United States of America producing copper zinc gold and nickel. Its material mineral properties include Candelaria Chapada Eagle and Neves-Corvo.